Patrick Byrne, Overstock CEO, Tells Fox Business That CNBC Is Conspiring Against Him

Talky Overstock.com (OSTK) CEO Patrick Byrne is still blaming short sellers for his company's woes. The new twist: He's now lashing out at CNBC journalists -- while appearing on their rival Fox Business Network.

Said Byrne: "I happen to know for a fact there is a fax machine in the CNBC offices where every morning hedge funds send in the instructions. The journalists sit around and take their instructions."

Fox anchor Liz Claman, a former CNBC employee, responded: "I used to work at CNBC and I never saw the fax machine."

Byrne: "I have a good source on that."

Read the whole story here.

Comments

[Bluedog12]

Fax machine !! Is this the same poor guy that can't take his phone to work cause the cord isn't long enough. Boy faux hired one tech savvy dude. Even that boob O'Reilly gets his talking points from Roger aka Jabba the Hut Ailes by email. Get with it.

[ViciousOrphan]

Patrick Byrne does not have a problem with short selling. Just the opposite. He believes short selling serves the market well. What he does have a problem with is naked short selling because its the BD's on wall street use it to counterfeit stocks purchases. Many public companies have been destroyed by this kind of manipulation.

here is a tutorial mr. byrne made on the problem of naked short selling.

http://www.deepcapturethemovie.com/

[totalliberal]

Fax machine? Could it be that living in the past century has anything to do with his problems?

Fax machine. LMAO

[Bluedog12]

Forget the fax. Byrne won't take his phone to work because the cord isn't long enough.

[totalliberal]

LOL As that other leader in technological knowledge Monty Burns would say. Excellent.

[archerlane]

Interesting title. I watched the video twice to try to find where Patrick Byrne said "CNBC was conspiring against him". I guess journalist embellishment is alive and well on Huffington Post.

Adrianna, is your staff supposed to report the news or create what they think it ought to be?

[totalliberal]

You get an e- for comprehension skills. Now go back and watch it again without Huff-hatred in your heart.

[Tommygun264]

Gee, good thing for CNBC that this was on FOX Business. Imagine the effect bad press like this would have had if it aired on a channel that someone watched.

[LivingStardust]

Paranoid much?

In your defense, if you are a Neocon, people are RIGHTFULLY out to get you but do you honestly think MSNBC gives a damn about a 2nd tier internet retailer?

Please.